Splash Out Carefully, Cost of Credit Is Rising You Could Have to Pay an Extra Gbp1000 On a Gbp3000 Debt

Evening TimesJuly 18, 2008

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Summary


CREDIT card holders are receiving invitation after invitation to transfer their balance and reams of credit card cheques, but the costs of servicing the debt is increasing.

For almost two years the market has remained stable, with most lenders offering extended introductory deal dates and the only major change being the introduction of percentage charges for balance transfers.

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Extract


Splash Out Carefully, Cost of Credit Is Rising You Could Have to Pay an Extra Gbp1000 On a Gbp3000 Debt

However, since April there has been a marked increase in the number of credit card firms increasi...

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